President Trump and housing regulator Bill Pulte are considering introducing a 50-year fixed rate mortgage that Fannie Mae and Freddie Mac would purchase.
The lender reported $33.3 million in net income in the third quarter this year, up from the second quarter and same period a year earlier.
Late-stage mortgage delinquencies hit the highest level since January 2020 in September, a new report from VantageScore found.
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Company leaders said current strategy sets it up to profit and compete against its rivals as the mortgage market improves in the coming months.
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The average price of a single-family home increased 1.7% from last year to $426,800 in the third quarter.
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Federal Reserve Gov. Christopher Waller said there was a popular "misunderstanding" Thursday regarding who can qualify for a "skinny" master account, noting that only firms with a bank charter would qualify for approval.
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New guidelines should provide homeownership opportunities for certain consumer segments with thin credit files and open up product options, lenders said.
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A new research report this week found AI could 'unlock' $370 billion in profits for banks, though they're not yet ready to capture it. But big-bank executives say they are already seeing measurable results from their generative and traditional AI investments.
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The Federal Housing Finance Agency director should spend less time on partisan attacks and social media posting, and more on trying to resolve the housing crisis.
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VantageScore 4.0 offers no real edge over FICO and could add risks to housing finance, analysts at AEI's Housing Center argue.
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If they exit conservatorship, Fannie Mae and Freddie Mac might increase fees or retain servicing rights, shrinking their market share, according to the Chairman of Whalen Global Advisors.
Mortgage companies are looking for ways to open up credit to more borrowers, but insurance-cost spikes have made a difficult situation more challenging.
Technology centered on addressing certain key mortgage priorities stand to attract the greatest attention from venture capitalists and other investors.
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ON-DEMAND VIDEOA week ahead of inauguration day, Scott Colbert, executive vice president, director of fixed income and chief economist at Commerce Trust, takes a look at how the Federal Reserve and the economy will fare in President-elect Donald Trump's second run in the White House.
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ON-DEMAND VIDEODonald Trump discussed various items related to the Fed and its independence and stated he would not nominate Jerome Powell for another term as chair. Gennadiy Goldberg, head of U.S. rates strategy at TD Securities, discusses what a Trump presidency may mean for the Fed.
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ON-DEMAND VIDEOJoin Arizent and American Banker experts as they discuss whether bankers and other financial professionals got what they wanted from Trump's victory at the polls.
